Founded in 2018, Vishal Mega Mart is a hypermarket chain offering apparel, groceries, electronics, and home essentials.
Vishal Mega Mart plans to raise ₹8,000 crore via an IPO, entirely an Offer for Sale (OFS) by promoter Samayat Services.
The company operates on an asset-light model, leasing distribution centers and stores while outsourcing manufacturing.
Vishal Mega Mart caters to middle and lower-middle-income groups across India.
With 645 stores in 414 cities across 28 states and 2 union territories, Vishal Mega Mart has a strong nationwide network.
Reported a net profit of ₹254.14 crore with revenue of ₹5,053.42 crore as of September 30, 2024.
Achieved a net profit of ₹461.94 crore and revenue of ₹8,945.13 crore in the financial year 2023-24.